Actual Annual Interest Rate and Consumer Loan

The beginning of the year usually brings some changes. One of them is the one that came into force on January 1, 2013 and concerns the Consumer Credit Act. It has implemented the European Union requirements set out in Commission Directive 2011/90 / EU of 14 November 2011. APRC should be counted in the same…

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Limitation of Loan – When will it happen?

According to the rules of civil law, property claims (with few exceptions) after a certain time barred. When this happens, the debtor may plead the limitation period and refuse to satisfy the creditor. The bank’s claim resulting from the loan granted may also be time-barred. The general limitation periods are set out in the Civil…

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